Date of Report
October 28, 2024
Broker Name
CGS International
Company Overview
Shanghai Electric Group Co Ltd is a major global provider of equipment and services in the electric power and industrial sectors. The company specializes in manufacturing and providing a wide range of energy-related products, including power generation equipment and renewable energy solutions.
Stock Performance
- Last Price: RM2.40
- Entry Price: RM2.40, RM2.00, RM1.80
- Stop Loss: RM1.54
- Targets: RM2.68, RM3.14, RM3.40, RM4.00
Technical Analysis
The stock is categorized as a technical buy, indicating that the bullish trend is both strong and in its early stages. The recent price movements suggest a positive outlook for continued growth.
Investment Recommendation
Investors are encouraged to enter positions at the specified entry price levels, with a stop-loss set at RM1.54. The stock is expected to reach multiple target prices, reflecting its potential for significant appreciation in value as it capitalizes on favorable market conditions.
